Industry
May 22, 2025
National Council on Problem Gambling Awards 5 Organizations with Agility Grants
The National Council on Problem Gambling (NCPG) announced it is awarding $192,000 in Agility Grant funding to five organizations as part of the Spring 2025 grant cycle. National Council on Problem Gambling Announces Agility Grant Recipients With this, the NCPG marks its seventh funding round since its 2022 launch. The Agility Grants program remains the […]
Business
May 22, 2025
Shake Shack to Open 10 New Restaurants at PENN Locations
Shake Shack is set to open 10 new locations within casinos as part of a partnership with PENN Entertainment, with the first restaurant planned to begin operations in 2026 at Hollywood Casino Toledo in Ohio and River City Casino in St. Louis, Missouri. PENN and Shake Shack Announce Partnership PENN’s casino expansion supports Shake Shack’s […]
Industry
May 22, 2025
Maryland Gov. Signs Mobile Betting Tax Hike into Law
Maryland has decided to increase its tax on mobile sports betting, in line with the broader trend. While some states have rejected tax hikes, Maryland joined those that didn’t, opting for a 20% tax on online sportsbooks. Maryland Increases Its Mobile Betting Tax Earlier this year, Gov. Wes Moore proposed raising Maryland’s tax on online […]
Casino
May 22, 2025
LVS Corp Donates $250,000 to Asian Community Development Council
Las Vegas Sands Corp announced it is donating under the Sands Cares community engagement program to Nevada’s Asian Community Development Council. The company said allocated $250,000 on Wednesday to the Healthy Asian Pacific Islanders Medical Center, as well as development programs for high schoolers and college students. LVS Maintains Its Role with Asian Communities The […]
Sports
May 22, 2025
Kalshi Needs Sports Markets More Than Sports Needs Kalshi
Kalshi has had a string of successes recently. Multiple challenges from US states and their gambling regulators have been largely contained, although more scrutiny is certainly coming. Regardless, early effort to block Kalshi’s sports markets have now come a cropper, as courts have granted the platform’s right to not comply with cease-and-desist letters sent to […]
Business
May 22, 2025
HG Vora Pressures Penn Over $11B Shareholder Value Loss
Activist hedge fund and major Penn Entertainment shareholder HG Vora is intensifying its campaign for change at the gaming company. “Genuine Change Is Needed at PENN” In a detailed presentation titled “Genuine Change Is Needed at PENN,” the fund accused the premier regional casino operator in the U.S of squandering over $11 billion in shareholder […]
Casino
May 22, 2025
DraftKings Faces Class Action Lawsuit Over Claims It Exploits Gambling Addicts
Five people from Pennsylvania have started a federal class action lawsuit against DraftKings. They claim the online sports betting company used tricky marketing tactics to take advantage of people struggling with gambling addiction. Class Action Challenges Legality of DraftKings’ “No Sweat” Bets The lawsuit filed in the US District Court for the Eastern District of […]
Sports
May 22, 2025
CFTC Plans Call with Tribal Groups as Prediction Market Debate Continues
The US Commodity Futures Trading Commission (CFTC) will talk to chosen tribal organizations on May 29. This careful move aims to engage with groups worried about the prediction markets’ future, particularly those linked to sports events. Cancelled CFTC Gathering Raises Questions About Oversight of Sports-Based Contracts This call comes after the CFTC called off a […]
Casino
May 21, 2025
New Advocacy Group Led by VGW Seeks to Fight Back Sweepstake Critics
Facing challenges in the United States, VGW has announced the Social Gaming Leadership Alliance (SGLA), an advocate group, similar to the SPGA, Social and Promotional Games Association. The advocacy will seek to help the company behind such popular brands as Global Poker, Chumba Casino, and Luckyland Casino to similarly challenge the growing animosity towards the […]
Industry
May 21, 2025
US Senate Surprisingly Passes Bipartisan ‘No Tax on Tips’ Bill
In a rare moment of bipartisan unity, the US Senate has passed a bill exempting tips earned by service industry employees from federal income tax. The measure was initially proposed by Sen. Ted Cruz (R-TX) and later championed by Sen. Jacky Rosen (D-NV). Using a procedural maneuver known as unanimous consent, the Senate resoundingly approved […]
